Professional Microphone Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Professional Microphone Market Analysis
The Professional Microphones Market is expected to reach a CAGR of 5.8% over the forecast period. The market is propelled by upgrades and replacements of legacy systems in the developed market. A rise in innovation has propelled the development of wireless microphones as well.
- There is a rising demand for microphones with the rapidly growing popularity of smart devices like home digital assistants and IoT sensors that are required to 'hear' their surroundings, as well as being easy to design in, robust and tolerant of electrical or acoustic noise.
- The evolving autonomous segment in the automobile industry is encouraging growth of the microphone market as these Autonomous vehicles use speech recognition technology for recording voice and establishing communication between the driver and vehicle. As per the International Energy Agency, the number of electric vehicles running on the road will be 125 million by 2030. With this influx of demand from the automotive industry, revenues for the microphone market are expected to shoot up.
- The emergence of networked audio technology, increased demand from corporate, government, and institutions sectors, growth in music production and recording industry are the factors that are expected to contribute to the growth of the Professional Microphones market during the forecast period.
- The amalgamation of microphones within consumer electronics is a step towards further enhancing the smart aspect of such devices which is also expected to grow the market during the forecast period.
Professional Microphone Market Trends
This section covers the major market trends shaping the Professional Microphones Market according to our research experts:
Wireless Technology to lead the Professional Microphones Market
- The increase in requirement for mobility, high expenditure on semiconductors for wireless devices, advancement in technologies, and introduction of innovative devices are the major drivers driving the growth of wireless technology.
- The market is driven by wireless technology due to the increased adoption of smartphones, and other wireless portable devices, intense investments in research and development for wireless audio devices, and the high adoption of wireless devices in offering infotainment services.
- Wireless technology is propelling the market growth as the usage of wireless microphones is increasing in commercial applications such as call centers, shows, events, and others. Also, personal home assistant devices such as Amazon Alexa and Google Home, wearable consumer electronics, and others.
- The evolving entertainment and media industry, mainly in developing regions such as the Asia Pacific and Latin America, has fostered the demand for wireless microphone products. These products are used for applications such as television broadcasting, public speaking, podcasting, and performing arts.
Asia Pacific is Expected to be the Fastest Growing Market
- The Asia Pacific is expected to dominate the market as this region is considered to be a manufacturing hub for the consumer electronics industry, and with the rapid industrialization and technical innovations in this region, major players in consumer electronics are further planning to invest in this market.
- The Professional microphone market has experienced a substantial rise in recent times in the APAC region due to the increasing frequency of media and sports events in the region which has augmented the demand for microphones. However, the advanced features of wireless microphones have given them an edge over traditional wired microphones.
- Owing to the growing population of middle-class consumers in Asian nations such as India, Japan, Taiwan, and Hong Kong and their interest in advanced media and communication gadgets is also driving the market in this region.
- Additionally, the infrastructural development in Japan and the increasing digitization in India are expected to their adopted in this region over the in next few years.
Professional Microphone Industry Overview
The Professional Microphones Market is highly fragmented as changing consumer demands are driving companies to innovate in the space to attract more consumers. The rivalry in this market has intensified over the years, with companies launching a multitude of products to attract consumers. Key players are Sennheiser, AKG, Behringer, Rode, Sony, etc. Recent developments in the market are -
- August 2021 - HARMAN Professional Solutions launched a new JBL Commercial CSSM100 studio condenser microphone in India that is available through e-commerce platforms. This studio microphone is targeted as a one-size-fits for all solution, be it for professionals, prosumers, or amateurs.
- May 2021 - Sony India launched two new microphones - ECM-W2BT Multi Interface Shoe compatible wireless microphone and ECM-LV1 compact stereo lavalier microphone. These products support stereo audio input with an external 3.5mm stereo mini-jack to allow for stereo sound pickup.
Professional Microphone Market Leaders
-
Sennheiser
-
AKG
-
Shure
-
RODE MICROPHONES
-
Behringer
*Disclaimer: Major Players sorted in no particular order
Professional Microphone Market News
- April 2022 - Shure introduced the KSM11 Wireless Vocal Microphone Capsule, the company's new state-of-the-art premium condenser microphone transducer technology. The company developed the KSM11 to provide the most natural, transparent, and high-clarity sound without necessitating the use of additional processing for the in-person, broadcast, simulcast, and live-streamed performances.
Professional Microphone Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Strong Growth in Events Post Pandemic
4.2.2 Surge in Online Content Creation
4.2.3 Rise in Wireless Microphone Technology
4.3 Market Restraints
4.3.1 Design and Complexity Challenges for the Development of High-Efficiency Microphones
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product type
5.1.1 Cardioid
5.1.2 Super Cardioid
5.1.3 Omni
5.1.4 Figure 8
5.2 Technology
5.2.1 Wired
5.2.2 Wireless
5.2.2.1 Bluetooth
5.2.2.2 Wi-Fi
5.2.2.3 Micro-electro-mechanical system
5.2.2.4 Electret condenser microphone
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Samson Technologies Corp
6.1.2 Electro-Voice (Bosch Sicherheitssysteme GmbH)
6.1.3 Audio-Technica Corporation
6.1.4 Blue Microphones
6.1.5 Behringer (Music Tribe Global Brands Ltd.)
6.1.6 Røde Microphones, LLC
6.1.7 Shure Incorporated
6.1.8 AKG Acoustics (Samsung Electronics Co., Ltd.)
6.1.9 DPA Microphones (RCF Group)
6.1.10 Sennheiser electronic GmbH & Co. KG
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Professional Microphone Industry Segmentation
A microphone is a device that transforms sound into an electrical signal and is used in many applications such as live and recorded audio engineering, speech recognition, and for non-acoustic purposes.
The Professional Microphones Market is segmented by Product Type (Cardioid, Super Cardioid, Omni, Figure 8), by Technology (Wired, Wireless (Bluetooth, Wi-Fi, Micro-electro-mechanical system, Electret condenser microphone)), and by Geography.
| Product type | |
| Cardioid | |
| Super Cardioid | |
| Omni | |
| Figure 8 |
| Technology | ||||||
| Wired | ||||||
|
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Professional Microphone Market Research FAQs
What is the current Professional Microphones Market size?
The Professional Microphones Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Professional Microphones Market?
Sennheiser, AKG, Shure, RODE MICROPHONES and Behringer are the major companies operating in the Professional Microphones Market.
Which is the fastest growing region in Professional Microphones Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Professional Microphones Market?
In 2024, the North America accounts for the largest market share in Professional Microphones Market.
What years does this Professional Microphones Market cover?
The report covers the Professional Microphones Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Professional Microphones Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Professional Microphone Industry Report
Statistics for the 2024 Professional Microphone market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Professional Microphone analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Professional Microphone Market Report Snapshots
